Member Info for Stiffybristol

An important statement (from the RNS and presentation). 2 Long term holders of together about15 Million passed away so their shares were sold into the market mainly on 'good news announcements'. So that has depressed the RNS news on several occasions. It is believed those shares are now sold.

Don't think it was on offer earlier.

You are looking at the negatives. Consider this; 100% of Tarba is worth another £1.2M income per year . At the moment without ANY new drills the underlying investment income is £14M, £12M is effective PROFIT which is being used to BUILD the company via more wells at VIURA, SELVA and EL ROM. When those kick in the income assuming TTFS at high30s will be £25-30M depending on flow rates, that extra income is ALL PROFIT.

SO to have a company earning £30M with a current Mk Cap of £25M (you fill in the blanks).

Nothing counted for POLAND or TESSORILLO, but if they hit you could easily have a £400M company which is £1 per share. I would not worry too much about a drill getting pushed back a few quarters, they have 11 NEW DRILLS on the radar.

that was one of my first thoughts. then if you consider spain is slow, spain is a long way from australia you begin to understand that it did not fit han**** portfolio so they decided to 'out' it. i would have valued el rom at £15m based on revenues of £2.5 current with the capacity to treble. they what is tesorillo worth? it is worth something, if it hits its a few hundred million, perhaps even a £1 a share to prospex now it owns 100% ofit and tarba.

its an incredible deal on a p/e of 0.5 (payback of 6 months).

prospex is becoming a money printing machine. the brokers note should go to 35p now (up from 20p). remember at 35p this is only a £140m mkc cap. it is easy to see how the prospective revenues with viura, el rom and selva all increasing production that £30m annual profits is achievable. i have added 60k worth in march and hope to add more in april if i can get a good price for my dog.

And with more wells at El Rom, 100% control, income will triple and double so £10K per month will become £600K per month (£7.2M annually). Poland farm out, New wells at Viura, New wells at Selva. £25M per year would put this debt free company on a P/E of 1. 40p looks nearer fair value than 20p. A total snip at 6p

The other 50% they have bought has been bought with 2 weeks income.

It has been bought on a P/E of 0.5 (the payback is 6 months)

I would have expected the value of El Rom to be a few times more than what they will pay. Plus Tesorillo 85% !!!!!!! Nothing might ever happen with Tessorillo, but if sentiment changed thats a £1 on the share. Could zoom today .

Yes. MR spoke very well and it was a good presentation. There were 5 companies, the other 4 were more minerals and a few years from production so things could go wrong for those compsanies. Prospex as we know is PRODUCER. THE ONLY REASON THE SHARE PRICE IS SO LOW IS IT IS ON AIM. Aim is very depressed because of the liars and cheats and the costs of maintaining a listing. The ease of access to funding is gone really.

Prospex has funding and income MR said it as long as TTF levels stay where they are the 11 new wells can be funded. Viura now accounts for 55% of the income and this will rise with the 2 new drills in April.

MR said he hopes to have Polish News soon, but ofcourse thats a few years in the future for income although you need future projects to continue the upward curve.

Of course if the SP moved to 20p then more deals could be done using PXEN paper

How do I add?

Just goes to show what a strange place the Market is.

I ADDED 69,000 odd early on that news. Others SOLD.

An absolute gem of a RNS in my opinion. Should have added 10M Mk cap on that news.

Everywhere in the world has the timespan for protocol.

This becomes a stronger buy every week. The company is probably Ten times better now than it was two year ago, with the share price at 7.5p - Mkcap of 30M and prospective income of 15M known and 30M probable, thats a PE of 1.

AIM is so depressing

MM balancing stock

Every 0.01CAD is worth nearly 50K to Gun

1911 now at 0.27

Hit 0.29CAD late yesterday before profit taking.

At 30CAD its worth 0.11p on Guns Mk cap.

The company is 10 times better NOW than it was when the shares reached 20p a couple of years ago!

Agree about Gunsynd. Tiny Mk cap at 1M. Could 10 fold in day. Already plenty of good news on what they have in Northern Canada. When things get out about Bear Twit it could really move.

It was a BUY. Just worked through the day.

I did think the same, but I don't know any plans or likely values of those two.

Gun seem a strong buy although almost all AIM stocks are trading well below true value.

What is good is that Pinwheel are happy to take the company paper. Gunsynd seem as if they are heading in a direction of being committed to just minerals. If they strike lucky well ......

Yes I accept that is the current worth of 1911Gold to Gunsynd...but if they have 500,000 or 700,000 ounces of gold then that value at £2000 per ounce = £1,000,000,000 or £1,400,000,000 and with Gold predicted to rise.

If Gun has 5% of 1911 on that basis it has 1/20th of that figure divided by 940,000,000 per share.

Ultimate value of 1911Gold could be 50 times more than todays value